Broadcom Shares Rise 4% on Google AI Deal

Broadcom stock jumped nearly 4% in pre‑market trading after announcing long‑term AI chip and networking agreements with Google.
The deals include a custom Tensor Processing Unit development contract and a supply assurance for networking components through 2031.
Anthropic will access roughly 3.5 GW of next‑generation TPU compute via Broadcom starting in 2027 under a tri‑party expansion.
Bank of America analyst Vivek Arya says the agreements boost Broadcom’s five‑year visibility and could raise accelerator share in FY26‑27.